1) “Regime change” has already happened. Highest inflation print in ~40 years, one of the fastest FCI tightenings ever and the most hawkish Fed in decades.
The market noticed: tech multiples peaked in Q3 2020 and are down 40 to 85%. Debate now is about EPS more than multiples.
I should own this tweet @lensprotocol#digitalroots sig:0xa57f0307633d2bb3face61084079b7a935501a9fff20dfb83a7b315773fbc8e765d45a5cd6ea743fedcc4d64d9186d2168f398caf3daba28110f5caa5cf8f7b71c https://t.co/7pICS8u3rN
Someone found this quote I posted on FB 12 years ago. It's still one of my favorite quotes by a person who deeply understands the pursuit (Sequoia's Mike Moritz):
"The businesses has to be run by people who have a real zeal for the pursuit they are undertaking,...
I'm thinking the league will do everything on earth to prevent a Carolina vs Calgary Stanley Cup final.
Also, I'm really excited to watch that Florida vs Tampa series. Above all else I'm just happy Toronto got knocked out in the first round yet again.
The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.